IPM Property is progressing plans for its third development in Mona Vale in Sydney's Northern Beaches, and its latest will be the biggest yet.

IPM, led by Steven Sroba and Chris Webster, has filed a State Significant Development Application to the NSW Government's Housing Delivery Authority for 82 apartments on a prime 6,122 sqm site stretching across <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and just under 800m from Mona Vale town centre.

They've had <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> draw up the plans for the three-building development which will offer a mix of 26 two-bedroom units and 56 three-beds with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a>.

According to the Design Report by PBD, the built form "responds to the site’s natural fall, solar orientation, and established vegetation, creating a layered architectural expression that balances scale, materiality, and landscape”.

<img alt="159-167 Darley Street West, Mona Vale" data-entity-type="file" data-entity-uuid="44040ed2-13c6-4f18-8326-a51467cb8532" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mona%20vale%20pers.png?VersionId=4H1gEiyyCX2yT_fYV6kAdWaaVlCttC6P" />

The proposal aims to maximise passive design outcomes, with the site’s northern orientation supporting solar access and cross-ventilation. Building footprints have been shaped to preserve high-retention trees and accommodate an overland flow path, which runs diagonally through the rear of the site.

The development includes several sustainability initiatives, such as full electrification, EV charging provisions, and generous communal open spaces integrated across the ground and rooftop levels. As outlined in the planning documents, the buildings have been stepped in both plan and elevation to reduce bulk and provide separation to adjacent dwellings, in line with the Apartment Design Guide and local controls.

The project site falls just within the 800-metre radius covered by the NSW Government’s Low and Mid-Rise Housing Reforms, which entered their second stage in February 2025. These reforms introduce specific planning controls that significantly increase the potential for medium-density housing growth within 800 metres of the Mona Vale town centre.

<img alt="159-167 Darley Street West, Mona Vale" data-entity-type="file" data-entity-uuid="5df61e6d-0696-4c1e-81c2-8d3535228878" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_9.png?VersionId=vWjI2oCZhAkCPKv4xMEVLdVNkn.keD6_" />

IPM has been active in the local market for several years. Its recent projects include Maya on Bungan Street near the town centre, a 33-apartment development completed in late 2024, and Iluka on beachfront Golf Avenue, a boutique project of just 14 apartments. Iluka set a local record in 2021 when a full-floor, three-bedroom apartment sold off the plan for $4.775 million.

Nearby in Palm Beach, IPM is also delivering Snappermans, a collection of just five luxury apartments designed by Koichi Takada Architects, located steps from Pittwater. The developer has also recently completed Como Coogee, a 20-apartment development on Carrington Road.

Joel Robinson

First look: IPM plans third Mona Vale project

With demand for high-quality family homes in the inner west continuing to rise, young families are increasingly turning to new forms of multi-generational living.

At <a href="https://www.apartments.com.au/buildings/ashbury-terraces-ashbury-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a>, Nikki Pham and Danny Lai are among the growing number of residents choosing the precinct for its space, design integrity and strong sense of community.

For Nikki and Danny, purchasing a three-storey terrace was about securing a long-term home for their young family. Having spent most of their lives in the inner west, they first discovered the project while it was under construction.

“We walked past and had a look during the build and instantly felt the vibe. It had everything we were looking for,” said Nikki.

A return to green, open spaces was a major drawcard after living closer to the CBD.

“We like going for walks, and here it feels like a mini oasis while still being central to everything we need,” she said.&nbsp;

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Inside, the couple were immediately drawn to the craftsmanship.&nbsp;

“I love the Calacatta marble and timber detailing. If I’d designed it myself, these are exactly the fittings and fixtures I would have picked,” Nikki said. “There’s actually very little I’d change.

“We’ve found the craftsmanship has been great and I believe the beautiful arches and curves, including on our stunning staircase, are all made by hand.”

Since moving in with their seven-month-old baby in mid-August, the family has been making the most of the amenities, especially the pool.&nbsp;

“We love using the shallow area with the baby. It’s great for kids, and the sunbeds are perfect when it’s not too hot,” Danny said.

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The home features kitchen, living and dining areas on the ground floor with courtyard access to the pool, two bedrooms and a study on the middle level, and a master suite on the top floor. The proximity to local parks, childcare, and schools also made it an easy choice.

Nikki has noticed the project is sparking interest from the extended families of new residents.&nbsp;

“Several of our neighbour’s parents have now bought here too. It’s ideal for multi-generational living because everyone has their own space but you’re still close by.”

<h2>A growing trend in the inner west</h2>

Aras Labutis, Head of Urban Transformations at <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>, said families like Nikki and Danny’s reflect a broader shift.

“Ashbury Terraces was designed for families at different life stages who want to stay connected to the inner west, including multi-generational households," Labutis said.

"Some terraces even include lifts, which make them ideal for older residents who want to remain independent while living close to children or grandchildren."

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Recent ABS data shows around one in five Australian households is now multigenerational, following a 22 per cent rise in the five years to 2021.

“The demand we’re seeing aligns with broader national data showing ongoing growth in multi-generational living as families look for practical, long-term solutions in well-connected suburbs.”

&nbsp;

<h2>Milton Estate launches as the precinct’s next chapter</h2>

Following this strong response, Coronation is now registering expressions of interest for Milton Estate, the next evolution of the precinct. Strong sales and sustained interest in family-focused inner west homes have underpinned the decision to bring this next stage to market sooner than anticipated.&nbsp;

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The new collection continues the same design principles, quality materials, heritage sensitivity and family-focused layouts, and its launch reflects demand from both local buyers and extended families who want to remain part of the growing community at Ashbury Terraces.

&nbsp;

<h2>A new neighbourhood taking shape</h2>

Designed by award-winning architects <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, and brought to life with landscaping by <a href="https://www.apartments.com.au/landscape-architect/360-degrees-landscape">360 Degrees</a>, Ashbury Terraces comprises 136 residences across five low-rise buildings, supported by amenities including a pool, gym and landscaped communal spaces.

For Nikki and Danny, it already feels like a place to grow for years to come.

“We’ve found great childcare nearby, and Ashbury Primary and Trinity Grammar are within easy reach. There are other excellent public and private school options too,” Nikki said.

“It’s hard to find something like this in the Inner West,” she added. “It’s certainly unique in <a href="https://www.apartments.com.au/developments/ashbury-nsw-2193">Ashbury</a>. We’ve got everything we need here and it already feels like home.”

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Staff Writer

Ashbury Terraces proves a perfect fit for growing families and multi-generational living

An exclusive collection of luxury Sky Homes featuring sweeping water views, each with their own private rooftop terrace and marina berth, are part of the latest release at Lewis Land’s visionary <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplanned community.&nbsp;

The Sky Homes, which sit within the Signature Collection, have been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>&nbsp;and&nbsp;feature contemporary light-filled coastal interiors, accented by natural textures of timber and stone. The homes range from 282 sqm to 367sqm and offer three bedrooms, three bathrooms, multiple living zones, three car parks, large private balconies, and their own rooftop terraces. &nbsp;

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<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the three double-storey Sky Homes occupying the &nbsp;upper levels of The Waterline apartment building formed part of the masterplan’s Signature Collection of &nbsp;luxury residences. &nbsp;

“The exclusive Sky Homes are more than penthouses, they are double-storey homes featuring expansive living spaces and outdoor terraces,” Mr Long said.&nbsp;

“Located on levels five and six of The Waterline, each Sky Home includes its own private marina berth with direct Broadwater access and carefully curated high-end finishes throughout.”&nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=359206]

The launch of The Signature Collection coincides with the milestone topping out of The Waterline, the first of three residential collections being delivered in the first stage of Harbour Shores.&nbsp;

Residents will also have access to a private pool and other resident-only amenities including a large &nbsp;lagoon pool, social clubhouse, tennis court, gym, yoga and sauna facilities. &nbsp;

Prices for the Sky Homes start from $3.65 million. &nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

The Signature Collection also features The Residences, an exclusive release of six premium waterfront villas, positioned directly on the 1.2km waterfront boardwalk.&nbsp;

The Residences offer more than 350 sqm of contemporary living with premium finishes throughout and &nbsp;dining spaces that flow seamlessly to the outdoor entertaining area on the ground floor. Each have their own private plunge pool overlooking the water, and a private marina berth.

All villas include two secure car parks and residents have access to the extensive amenities within the broader precinct. Prices start from $3.05 million. &nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290030]

Harbour Shores is a resort-style community focused on lifestyle and wellness where neighbourhoods &nbsp;are connected by extensive landscaping, green spaces and pedestrian networks, including a 1.2- kilometre waterfront boardwalk.&nbsp;

Boasting a 6 Star Green Star Communities V1.1 rating, the highest level of sustainability of any project &nbsp;on the Gold Coast, Harbour Shores will deliver more than 2,000 homes over the next decade.&nbsp;

Colliers is marketing Harbour Shores, and has seen significant demand from local owner-occupiers.

[smartcode_project_cta:default project_id=113271]

Lewis Land unveils Harbour Shores’ double-storey sky homes with private marina berths

PERIFA's Rozelle Village in Sydney's Inner West is the first project to receive funding as part of the&nbsp;Minns Labor Government’s Pre-sale Finance Guarantee program, a programme aimed at fast tracking new homes across the state.

More than 225 new apartments, including 59 affordable homes, will now start construction sooner as part of the $285 million Rozelle Village revamp of the derelict former Balmain Leagues Club site on Victoria Road, which received state significant development approval last year under the Infill Affordable Housing pathway.

The mixed-use precinct also includes retail spaces, community facilities, and a public plaza.

[smartcode_project:default project_id=8142 project_image_fid=335]

The Guarantee is supporting 32 affordable homes off the plan, giving developer PERIFA confidence to secure construction finance and deliver much-needed homes in the Inner West.

This arrangement gives the developer time to lock in a community housing provider to purchase and manage the project’s affordable homes, with a guarantee the Government will buy the 32 units if the level of qualifying pre-sale requirements is not met prior to project completion expected in 2028.

Since the launch of the program in October, 31 expressions of interest have been received from developers across the state, with a third of these already invited to submit full applications.

[smartcode_project:default project_id=8142 project_image_fid=325]

In addition to the <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> project, over $100 million worth of pre-sale commitment requests have been received and are currently under assessment. If approved, this support will unlock the construction of over 350 new homes across metropolitan Sydney and regional NSW.

Under the Pre-sale Finance Guarantee, the Government may commit to buy, off the plan, up to 50 per cent of homes in approved developments, valued at up to $2 million each. Support can range from $5 million to $50 million per project, the Guarantee then allows developers to achieve commercial construction finance.

Up to $1 billion in pre-sales over the next five years will be supported through the revolving fund, making sure more projects can move from approval to construction.

The challenge of meeting pre-sale requirements is one of the most common issues cited by stakeholders in securing finance, and has been outlined as a key hurdle for industry in the NSW Productivity and Equality Commission’s Review of housing supply challenges and policy options for New South Wales. Only developers and projects that meet strict criteria for credibility, capability, and capacity to deliver are approved and invited to participate in the program.

&nbsp;

Treasurer Daniel Mookhey said the program is a "smart use of the State's balance sheet."

“This is exactly what the $1 billion Pre-sale Finance Guarantee was designed to do - move approved projects from paper to construction," Mookhey said.

“By providing a targeted pre-sale guarantee, we’re giving the market the confidence it needs to secure finance and start construction, without the Government having to spend a dollar upfront."

Minister for Planning and Public Spaces Paul Scully said Rozelle Village is a great example of how Labor's housing reforms and initiatives are working together to deliver great results.

“The Pre-sale Finance Guarantee uses the Government’s strong credit standing to help bring to life prime housing developments, including sites like this one in Rozelle that sat dormant for years. It allows more new homes to be delivered faster, creating jobs, and easing housing pressure for families across NSW.

&nbsp;

“This project was approved under the Infill Affordable Housing Pathway to deliver 59 affordable homes and now, through the Pre-sale Finance Guarantee, we’re making sure those homes are built sooner.

“By removing planning and financial roadblocks, we’re giving developers and lenders certainty, boosting housing supply, and creating vibrant communities where people want to live which means more people in more new homes quicker.”

PERIFA Group Managing Director Fabrizio Perilli said Rozelle Village is set to become the Inner West’s most vibrant, mixed-use precinct catering to the local community and residents.

“The location provides excellent access to local employment and the critical Infrastructure that key workers rely on every day.&nbsp; Strong demand for our development is already evident, with pre-sales for market homes exceeding expectations. As the first developer to be accepted into the NSW Government Pre-Sale Finance Guarantee, we are now able to accelerate construction of these much-needed homes, while working to secure the right Community Housing Provider, ensuring long-term social impact and community benefit.”

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Are more homes on the way? NSW Gov backs first project in Pre-Sale Finance Guarantee program

Fresh off completing Pienza Neutral Bay, developer <a href="https://www.apartments.com.au/developers/central-element">Central Element</a> is preparing its next move in the coveted Lower North Shore suburb.&nbsp;

Central Element (CE) has lodged plans for an eight-storey apartment building at <a href="https://www.apartments.com.au/new-apartments/54-64-barry-street-neutral-bay-nsw-2089">54–64 Barry Street</a>, a 1,659 sqm site just south of Military Road and the Neutral Bay town centre.

The $52 million development will involve the demolition of four detached homes across four lots to deliver 45 apartments, including eight affordable housing units to be managed by Bridge Housing. The mix will comprise six one-bedroom apartments, 24 two-beds, and 15 three-beds. The apartments will sit above three basement levels with 62 car parking spaces and 50 bicycle spaces.

<a href="https://www.apartments.com.au/architects/mhn-design-union">MHN Design Union</a> (MHNDU) has returned as architect following its work on Pienza, again shaping a mid-rise form with a clear street presence. The design features a lower four-storey podium element that responds to surrounding context, with upper levels recessed to reduce perceived bulk. Communal open space is proposed both at ground level and on the rooftop, the latter including an outdoor kitchen and swimming pool.

“The building has been designed with a lower four-storey element and with building materials commensurate with the character of the area,” Beam Planning noted in its submission to the North Sydney Council.

<img alt="Barry Street, Neutral Bay Nsw 2089" data-entity-type="file" data-entity-uuid="3a28ab3a-b8ba-4476-81cd-e4a8bb84f3a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Barry-Street-Neutral-Bay-1327x742.png?VersionId=hlgvxszAWXIHgHtdR5HiwIKiSli2lLZV" />

Bridge Housing will manage the affordable units for a period of 15 years, as required under the Housing SEPP’s incentive provisions.

MHNDU’s design report further highlights the site's strategic location just 250 metres from key bus stops and 1.3 kilometres from North Sydney CBD, positioning it for transit-accessible housing supply. In their planning justification, the design team emphasised the site’s compatibility with emerging local character and scale.

Central Element has a solid apartment pipeline spread all over Sydney. They recently completed&nbsp;Pienza, 37 apartments just 500 metres away from the new project, and are currently building Ethos Chatswood, Ballamac House in Coogee, and Bianca on the harbour in Drummoyne.

They have plans for future projects in Mosman, Bondi Beach, Greenwich, Lavender Bay, along with a tower on the edge of Hyde Park.

First look: Central Element unveils second Neutral Bay apartment project

Queens Place

The streamlined Tower One at Queens Place is now completed, marking the steadfast progress of what is set to become the tallest twin tower development&nbsp;in Australia. The $235m project has been designed by both&nbsp;Fender Katsalidis and Cox Architecture, and a competition-winning design scheme for developer 3L Alliance.

Located near the Queen Victoria Market precinct and Flagstaff Garden, Tower One at Queens Place delivers an urban-scale residential building responding to the site&rsquo;s conditions and to a multitude of the residents&rsquo; needs.

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&ldquo;With a rich cultural history right at the foot of the site, the compelling and streamlined design of Queens Place will activate and connect this vibrant new precinct, and complement Melbourne&rsquo;s evolving skyline&rdquo; says Fender Katsalidis director, James Pearce.

&ldquo;The striking towers and podium have the potential to greatly enrich the liveability of Melbourne&rsquo;s CBD by providing residents with a considered masterplan design that places an emphasis on connection to this iconic pocket of the city,&rdquo; he added.

Cox&nbsp;Architecture director Pete Sullivan said that with the understanding that the Queen Victoria Market precinct was set to change, they wanted to generate a design that complements the broader streetscape.

&ldquo;The five-level podium is conceived as a &lsquo;mini-town,&rsquo; with a bustling series of arcades and lanes activated through a mixed-use program,&quot; Sullivan said.

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&quot;The podium&rsquo;s design ascends the streamlined tower form with an unembellished fa&ccedil;ade, shaped and sculpted by contextual drivers within and around the unique site.&rdquo;

Responding to the site&rsquo;s exposure to north-westerly winds, the 80-storey Tower One, with its silver curtain wall glazing, has been rounded to capture and reflect light and views into each residential apartment.

The tower is complete with quality amenities and spaces designed to offer residents the potential to optimise their way of living, working and play. Resident socialisation is promoted through communal amenities such as the pool and spa, games rooms, karaoke suite, cinema, library, poker, and mah-jong room.

Breaking up the progression of dwellings, a high-rise lobby at level 51 offers further amenity, including a swimming pool, karaoke, and dining space. Beyond that are the high-rise apartments occupying level 53 to 68.

Through-site connections and unobstructed solar access under the mixed-use podium provide pedestrians with practical accessibility to the surrounds and encourages circulation through the block.

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For visitors to the area, the publicly accessible plaza is also emboldened as a space for gathering or as sheltered resting spots.

The multi-level podium enriches the ground plane with new linkages and an enhanced public realm within the Queen Victoria Market precinct.

Intended for a variety of uses, the five-level podium includes retail tenancies, commercial suites, and a childcare centre. The podium and tower form are expressed through contrasting yet complementary materials.

In distinction to the sleek silver tower, the detailed podium is armoured with curvaceous fins and an external terrace interwoven with planters, with the earthy tones and exposed stonework creating&nbsp;a distinctly Melbourne ground-level experience.

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Located near the Queen Victoria Market precinct and Flagstaff Garden, Tower One at Queens Place delivers a gleaming urban-scale residential building responding authentically to the site’s conditions and to a multitude of the residents’ needs.



alisonwarters@gmail.com

Australia's tallest twin towers set to bridge fringes of Melbourne CBD

Melbourne's brand new $1 billion dual tower project, known as Queens Place, has recently completed the construction of its first tower.

We were invited to take an exclusive tour of the apartments and luxury amenities, take a look at our apartment tour video:&nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/EkNWE9trIpE" title="YouTube video player" width="660"></iframe>

The development's design was a collaboration by leading design firms Fender Katsalidis Architects and Cox Architecture.&nbsp;

A design feature I found particularly interesting is that as each tower rises, they veer away from each other, creating visual asymmetry and maximising views for residents on upper levels.&nbsp;

On the ground floor, you're welcomed into the most stunning lobby, complete with an incredible light installation.&nbsp;

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As soon as you step foot in your apartment, you're met with this incredible view of the city skyline through the floor-to-ceiling glazing. It's a view you would never tire of and one of the most rewarding features of apartment living.&nbsp;

The flow is open plan and feels light and spacious. Little details like the wide panel timber flooring make the room feel even larger, and depending on whether you opt for a single wall kitchen or a galley configuration, there is plenty of room for dining to be separate from the living area.

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The kitchens feature integrated rangehoods and Miele gas cooktops with timeless timber joinery. You'll also notice that these wall sconce lights are a unique feature piece and are also found in the bathrooms.

All bathrooms and ensuites are fully tiled and include freestanding timber vanities, deep square basins and modern tapware. Many apartments also have wall-spanning walk-in showers.&nbsp;

The bedrooms also offer great views of the city, with expansive floor-to-ceiling glazing. Soft grey carpet makes the room feel cosy, while the full height mirrored wardrobes create a feeling of spaciousness.

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All residents will have access to the extensive 3-level amenities, including a 25m swimming pool with a thriving green wall, a fully equipped gymnasium, a karaoke room and a dining room complete with its own wine cellar, as well as a library and games room for billiards, card games and mahjong.

Residents in the tower's High Rise, Queens Residences and Queens Terrace apartments will have access to several more amenities on levels 52 and 53.

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Whether you're running on the treadmill, relaxing in the steam room, or enjoying a drink in the lounge, you can enjoy panoramic views of the city.

The swimming pool is surrounded by grey marbled tiles, the private 10-person dining area features a statement stone table, and the elegant lounge spaces include multiple fireplaces. One of my favourite spots is this relaxation area; it's absolutely flooded with light through the opulent double-height void.

Enquire about your dream home via Urban today and move in tomorrow!

[smartcode_project_cta: project_id=2806]

Olivia Round

Apartment Tour Video: Queens Place by 3L Alliance at 157 A’Beckett Street and 370 Queen Street, Melbourne

Developer 3L Alliance&#39;s recently completed $1 billion twin-tower development, Queens Place, takes centre stage as one of&nbsp;Melbourne&#39;s tallest residential developments.

The glass-swathed, 80-storey towers have been collaboratively designed by renowned architecture firms&nbsp;Fender Katsalidis and COX Architecture, with interiors by Hecker Guthrie.

The towers share the first five levels, a podium which homes the joint residential amenity including a&nbsp;pool, private dining rooms, multiple games rooms including Mahjong and poker, a karaoke suite&nbsp;and a private resident&rsquo;s concierge, as well as business centre.

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It&#39;s the upper levels however that get that extra level of luxury.

The apartments from level 53 and up are dubbed High Rise apartments, and offer realised spaces with greater emphasis on style, comfort and luxury including Miele appliances, feature wall lighting, concealed heating and cooling with individual wall controllers and more. Levels 69-78 home the tower&#39;s penthouses and sub-penthouses, known as Queens Residences.

Both High Rise and Queens Residence residents enjoy their own exclusive amenities on levels 51 and 52.

They&#39;ll have access to their own swimming pool, with sauna and steam rooms. Also just for High Rise and Queens Residence buyers is a private bar and lounge, and a bookable dining room, complete with a commercial-size kitchen.

[smartcode_project:default project_id=2806 project_image_fid=175433]

Prices for High Rise apartments start from just $497,000, one of the best luxury offerings currently on the Melbourne market.

Queens Place, at 157 A&rsquo;Beckett Street and 370 Queen Street&nbsp;on the edge of Flagstaff Hill, is located in the heart of a&nbsp;network of laneways, offering access to retail and commercial office suites, and a public plaza with its own laneway shopping precinct.

[smartcode_project_cta: project_id=2806]

Collaboratively designed by renowned architects from Fender Katsalidis Architects and COX Architecture, with interiors by Hecker Guthrie, top floor residents have access to a suite of premium amenities

Queens Place

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